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Bid Corporation Ltd (Bidcorp) reported on Tuesday a decline of 46.2% in half-year earnings, as Covid-19 curbs hammer the hospitality, tourism and leisure industries due to a second wave of infections in some areas.
Bidcorp’s performance started well as most regions, particularly in Europe and Britain, emerged from the worst of the first wave of infections, with a positive financial performance through July and August, the South African food services company said.
This, however, started deteriorating into September in the northern hemisphere and worsened into the second quarter of its half-year ended December, with Europe and Britain firmly in the grip of the harsh second wave and lockdowns.